The Macro Dirt Podcast Surfing the Options Landscape with Imran Lakha
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Oct 22, 2025 Imran Lakha, founder of Options Insight and former bank options trader, shares his wealth of knowledge on options trading. He discusses strategies for hedging gold's surge and explains the implications of implied volatility and time decay. The chat dives into how Trump's presidency has affected market volatility and explores long-term bets in the cannabis sector. Imran also highlights the peculiarities of quantum stocks and emphasizes the importance of balancing personal and professional life along with his experiences in teaching options.
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From Bank Desks To Teaching Options
- Imran Lakha trained at Credit Suisse, Merrill Lynch, Bank of America, Citibank and BlueCrest before founding Options Insight in 2018.
- He started Options Insight to teach options trading after career weariness and a desire for entrepreneurship.
Hedge Parabolic Gold Strategically
- Hedge parabolic gold positions by selling some upside calls and using that premium to buy puts or put spreads.
- Limit hedging to the portion of your allocation you’re willing to sacrifice to balance upside and protection.
Vol Reset Can Kill Correct Directional Bets
- Buying puts at historical-high implied volatility risks losing value from a vol reset even if the underlying moves as expected.
- Implied volatility often mean-reverts, so volatility collapse can destroy option premium.